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ZIP Code · FL

ZIP 32547

Pop. 35,527·Okaloosa County·508th most expensive ZIP in Florida
Median rent (all units)
$1,788/mo
Year-over-Year
-3.9%
Month-over-Month
-2.7%
vs US Median
-$177
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 32547 · $1,788
More affordable than 52% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,500
2 BR
$1,690
3 BR
$2,320
4 BR+
$2,820
Research median
$1,690/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,456/yr
At $1,788/mo median
Location
StateFL
CountyOkaloosa County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 3.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-3.9% YoY, -2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 32547 (Fort Walton Beach, FL) is majority owner-occupied, 27.5% of residents hold a bachelor's degree or higher.

Population
35,527
Median income
$70,711
Median age
34.9
Renters
43.1%
Age distribution
22.7%
27.4%
23.3%
15.2%
Under 1822.7%
18–3427.4%
35–5423.3%
55–6411.3%
65+15.2%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
62.1%
20.9%
White62.1%
Black11.7%
Hispanic20.9%
Asian3.5%
Other1.8%
Education (25+)
12.1%
25.6%
34.7%
27.5%
No HS diploma12.1%
HS diploma25.6%
Some college34.7%
Bachelor's+27.5%
Housing tenure
56.9%
43.1%
Owner56.9%
Renter43.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 32547 in Fort Walton Beach, FL has changed in 5 years

Rent
$1,495 → $1,788
up 19.6%
Income
$55,853 → $70,711
up 26.6%
Population
32,556 → 35,527
up 9.1%
Renter share
46.5% → 43.1%
-3.4 pts
Bachelor's+
26.6% → 27.5%
+0.9 pts
Median age
36.6 → 34.9
-1.7 yrs

Since 2021, the typical rent in ZIP 32547 in Fort Walton Beach, FL has increased from $1,495 to $1,788, a 19.6% change over five years. Median household income rose from $55,853 to $70,711 between 2021 and 2024, a 26.6% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 9.1% since 2021, moving from about 32,556 residents to roughly 35,527. Renters now make up 43.1% of households, compared with 46.5% five years ago. Taken together, the five-year picture in ZIP 32547 in Fort Walton Beach, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 32547

Last updated: July 20, 2026

ZIP code 32547 covers Fort Walton Beach, FL. The median rent here is $1,788/mo as of July 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,690/mo.

At 30% of local median household income ($70,711/yr), ZIP 32547 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32547?

As of July 20, 2026, the median monthly rent in ZIP 32547 (Fort Walton Beach, FL) is $1,788. This is based on aggregated data from public sources and community submissions.

How does ZIP 32547 rent compare to the US average?

ZIP 32547's median rent of $1,788/mo is $177 (9%) below the US national median of $1,965/mo.

How does ZIP 32547 compare to other ZIPs in Florida?

ZIP 32547 is among the more affordable ZIP codes in Florida, ranking #508 out of 662 ZIPs at $1,788/mo.

How much income do you need to rent in ZIP 32547?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,788/mo in ZIP 32547. The local median household income is $70,711/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 32547?

Rent in ZIP 32547 has decreased 3.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 32547 an affordable place to rent?

ZIP 32547 is considered moderate for renters. At $1,788/mo, rent takes approximately 30% of the local median household income ($70,711/yr). The standard benchmark is 30%. ZIP 32547 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 32547 residents rent vs. own?

According to Census data, approximately 43.1% of ZIP 32547 households are renters, while 56.9% are owner-occupied. ZIP 32547 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32547 compare to the rest of Fort Walton Beach?

ZIP 32547 is more affordable than Fort Walton Beach overall. At $1,788/mo, it's $20 below the Fort Walton Beach citywide median of $1,808/mo.

When was rent data for ZIP 32547 last updated?

Rent data for ZIP 32547 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,788/mo, rent takes ~30% of ZIP 32547's median household income ($70,711/yr). The standard benchmark is 30%.

ZIP 32547 30%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32547 (Fort Walton Beach, FL)

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